Major Recessions: Britain and the World 1920-1995

Released on by Christopher Dow
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  • Major Recessions: Britain and the World 1920-1995 Book Detail

  • Author : Christopher Dow
  • Release Date : 1999-01-07
  • Publisher : OUP Oxford
  • Genre : Business & Economics
  • Pages : 490
  • ISBN 13 : 0191069051
  • File Size : 45,45 MB
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Major Recessions: Britain and the World 1920-1995 by Christopher Dow PDF Summary

Book Description: In the twentieth century there have been five major recessions: two in the interwar period, and three more starting 1973, 1979, and 1989. This book focuses on events in the UK, but sets them in their international context and makes frequent comparisons with other countries. Major recessions happened at a similar time in all major countries, and the lessons are general. Three main conclusions are reached: (1) major recessions reflect abrupt fallings off in demand, not supply; (2) these are due to identifiable demand shocks and by swings in consumer and business confidence which amplify the direct effects of demand shock; (3) major recessions are not predictable. In the final chapter, Christopher Dow puts forward an insider's view on how to avoid future severe recessions: action must be taken to control booms, which if uncontrolled will lead to a period of bust, and once a major recession has begun, fiscal and monetary policy must be adjusted to mitigate the downturn. Often unpopular with economists, this is the line which many governments and central banks take: Major Recessions will help them to have more success.

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Spanish Theatre 1920-1995

Spanish Theatre 1920-1995

File Size : 6,6 MB
Total View : 5732 Views
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Beginning with a reassessment of the 1920s and 30s, this text looks beyond a consideration of just the most successful Spanish playwrights of the time, and disc

Spanish Theatre 1920 - 1995

Spanish Theatre 1920 - 1995

File Size : 61,61 MB
Total View : 6448 Views
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Beginning with a reassessment of the 1920s and 30s, this text looks beyond a consideration of just the most successful Spanish playwrights of the time, and disc